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  • February 12, 2011 at 9:19 PM #18520
    fun4vnay2
    Participant

    Guys,
    Mortgage rates are going up gradually now.
    Do yo see the corresponding decrease in home prices as well ?

    I can see/feel many buyers who can afford a given price range 6 mos ago can’t afford the same price range because of mortgage rate going up..

    February 12, 2011 at 9:27 PM #665477
    SD Realtor
    Participant

    I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    February 12, 2011 at 9:27 PM #665540
    SD Realtor
    Participant

    I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    February 12, 2011 at 9:27 PM #666138
    SD Realtor
    Participant

    I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    February 12, 2011 at 9:27 PM #666274
    SD Realtor
    Participant

    I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    February 12, 2011 at 9:27 PM #666610
    SD Realtor
    Participant

    I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    February 12, 2011 at 9:36 PM #665502
    masayako
    Participant

    So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    February 12, 2011 at 9:36 PM #665565
    masayako
    Participant

    So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    February 12, 2011 at 9:36 PM #666163
    masayako
    Participant

    So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    February 12, 2011 at 9:36 PM #666298
    masayako
    Participant

    So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    February 12, 2011 at 9:36 PM #666635
    masayako
    Participant

    So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    February 12, 2011 at 9:39 PM #665507
    jpinpb
    Participant

    I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

    February 12, 2011 at 9:39 PM #665570
    jpinpb
    Participant

    I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

    February 12, 2011 at 9:39 PM #666168
    jpinpb
    Participant

    I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

    February 12, 2011 at 9:39 PM #666303
    jpinpb
    Participant

    I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

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